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Elizabeth Park Capital Advisors, LTD.
Elizabeth Park Capital Advisors, Ltd. is a hedge fund manager headquartered in Pepper Pike, Ohio, founded in 2008 by Fred Cummings. The firm specializes in long/short equity and event-driven strategies, targeting investments across mid, small, and micro-cap U.S. banks and thrifts. Elizabeth Park is recognized as an African American-owned asset manager and serves a global client base. As of 2025, it manages assets for 7 clients, employs around 10 people, and is known for its disciplined process, risk analysis, and focus on U.S. bank equity markets.
Investment Strategy
Elizabeth Park Capital Advisors implements a long/short equity and event-driven investment strategy with a core focus on the U.S. banking sector, especially mid, small, and micro-cap banks and thrifts. The firm emphasizes capital preservation, rigorous risk management, and disciplined portfolio construction. It also manages collaborative investments supporting community bank technology and mission-driven banks, investing in CDFIs and MDIs nationwide. The approach is research-driven and actively seeks to generate alpha through security selection and market events.
Latest 13F Filing Activity
Elizabeth Park Capital Advisors, LTD. filed their most recent 13F report on Jun 30, 2025 disclosing 40 equity positions with a total 13F market value of $111M. The fund increased holdings in Atlantic Un Bankshares Corp., Enterprise Finl SVCS Corp., Connectone Bancorp Inc. among other positions. Elizabeth Park Capital Advisors, LTD. reduced exposure to Trustmark Corp., QCR Holdings Inc., Old Natl Bancorp Ind among others.
Top Holdings
Equity Positions (40)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
Q QCRH | QCR HOLDINGS INC | 5.06% | $5.6M | 83,100 | $30.44 | $67.90 | -$2.5M |
V VBTX | VERITEX HLDGS INC | 4.35% | $4.9M | 185,925 | $26.06 | $26.10 | +$1.9M |
B BMRC | BANK MARIN BANCORP | 4.24% | $4.7M | 206,855 | $23.77 | $22.84 | -$129.8K |
C CCB | COASTAL FINL CORP WA | 3.42% | $3.8M | 39,311 | $86.16 | $96.87 | -$464.4K |
H HBAN | HUNTINGTON BANCSHARES INC | 3.20% | $3.6M | 213,000 | $15.31 | $16.76 | +$1.3M |
Industry Allocation
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